14:46 Anne-Marie Trevelyan

The regulations will oblige our transmission systems operators to develop now and at pace new efficient cross-border electricity trading arrangements. As I said, those are really important to supporting our decarbonisation, our security-of-supply objectives and, crucially, to providing economic benefits to all our customers. The new regime should be operational by April 2020. That is quite a challenging deadline, but adherence to it will enable us to realise as early as possible those benefits to consumers of the arrangements. We are very minded that we have a clear set of deadlines to meet to help everyone to get to that point. On that basis, I recommend the draft regulations to the Committee.

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